Decentralize cryptocurrency is losing position compared to centralize crypto?
Recently there are many managers, publishers are abandoning decentralize development cryptocurrency. presently, the growth of centralize crypto like Ripple platform. Does bitcoin actually lose the battle with ripple? What do you think?
Hi!
Bitcoin and Ripple have very different governance and ownership structures. Bitcoin is highly decentralized and owned by a community.Ripple is owned by a private company and created to improve upon a now-outdated system of international transactions. Considering transaction time, Average transaction cost , Transaction per second and Energy cost per transaction Ripple is better than bitcoin. Despite the downsides of ripple are Centralization and competition. A lot of people feel that Ripple cannot be trusted as a currency because Ripple itself is a Private company with close connection to the bank system. Bitcoin cannot officially partner with any company or entity. Bitcoin has gathered powerful people and currently it's use as a investment opportunity. Hence I believe Ripple has more advantage than bitcoin but It can not beat bitcoin because of community powers and decentralized manner.
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